The Terrorism Risk Insurance Act (TRIA) (H.R. 3210, Pub.L. 107–297 (text) (pdf)) is a United States federal law signed into law by President George W. Bush on November 26, 2002. The Act created a federal "backstop" for insurance claims related to acts of terrorism. The Act "provides for a transparent system of shared public and private compensation for insured losses resulting from acts of terrorism." The Act was originally set to expire December 31, 2005, was extended for two years in December 2005, and was extended again on December 26, 2007. The Terrorism Risk Insurance Program Reauthorization Act expired on December 31, 2014.
On January 7, 2015 the House of Representatives voted 416-5 to approve the Terrorism Risk Insurance Program Reauthorization Act of 2015, (H.R. 26, Pub.L. 114–1 (text) (pdf)) extending the TRIA through the year 2020. The Senate approved the extension the day after by a vote of 93-4. On January 12, 2015, President Barack Obama signed the extension into law. TRIA was extended for a third time under the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA of 2015) and was scheduled to expire on December 31, 2020.
On December 17, 2019 the House of Representatives voted 297-120 to approve the Further Consolidated Appropriations Act, 2020 (H.R. 1865, Pub.L. 116–94 (text) (pdf)) which included the Terrorism Risk Insurance Program Reauthorization Act of 2019 extending the TRIA through the year 2027. The Senate approved the extension on December 19, 2019 by a vote of 71-23. The following day, President Donald Trump signed the bill into law. TRIA was extended for a fourth time under the Terrorism Risk Insurance Program Reauthorization Act of 2019 (TRIPRA of 2019) and is scheduled to expire on December 31, 2027.
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